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Dow Today: Caterpillar (CAT) Higher

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

The Dow Jones Industrial Average ( ^DJI) is trading down 23.0 points (-0.1%) at 15,402 as of Monday, Aug 12, 2013, 12:35 p.m. ET. During this time, 187.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 570.7 million. The NYSE advances/declines ratio sits at 1,506 issues advancing vs. 1,423 declining with 115 unchanged.

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The Dow component leading the way higher looks to be Caterpillar (NYSE: CAT), which is sporting a $1.12 gain (+1.3%) bringing the stock to $85.64. Volume for Caterpillar currently sits at 3.5 million shares traded vs. an average daily trading volume of 6.2 million shares.

Caterpillar has a market cap of $54.37 billion and is part of the industrial goods sector and industrial industry. Shares are down 5.7% year to date as of Friday's close. The stock's dividend yield sits at 2.9%.

Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide.

TheStreet Ratings rates Caterpillar as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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